Economists' Outlook

Housing stats and analysis from NAR's research experts.

Median Days on the Market Increases to 50 Days in September

Properties are starting to stay on the market longer. The median days on the market reported by REALTORS® responding to a survey about their transactions in September 2013 indicated an increase in the median days on the market to 50 days (from 43 days in August).

Higher mortgage rates, a slow economic and job recovery, and strict mortgage underwriting standards are reported as causing some of the slowdown.

Short sales were on the market for 93 days compared to foreclosed properties at 43 days and non-distressed properties at 49 days.

What does this mean for REALTORS®? Real estate markets appear to have slowed somewhat but continue to be in relatively good condition.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.


Comment Policy

The opinions expressed in reader comments sections on this website are those of the reader and not NAR or REALTOR® Magazine.

About Economists' Outlook

Visit this blog daily to see what NAR experts are saying about the economy, the housing market, and other factors that will impact your business.

Housing Minute

Housing Minute is a monthly video series highlighting the latest housing data from the National Association of REALTORS® in a minute or less.